A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) had its price objective reduced by investment analysts at B. Riley from $37.00 to $34.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. B. Riley's target price would indicate a potential upside of 41.87% from the company's current price.
Several other brokerages also recently weighed in on AMRK. Northland Securities decreased their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. DA Davidson reissued a "buy" rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $42.00.
Read Our Latest Stock Analysis on AMRK
A-Mark Precious Metals Stock Down 1.6 %
Shares of NASDAQ AMRK traded down $0.39 during mid-day trading on Tuesday, reaching $23.97. 177,273 shares of the company traded hands, compared to its average volume of 322,127. The stock has a market cap of $551.65 million, a PE ratio of 11.69 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The company's fifty day moving average is $25.69 and its two-hundred day moving average is $28.87. A-Mark Precious Metals has a fifty-two week low of $20.60 and a fifty-two week high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, analysts expect that A-Mark Precious Metals will post 2.11 earnings per share for the current year.
Hedge Funds Weigh In On A-Mark Precious Metals
A number of hedge funds have recently made changes to their positions in AMRK. Ameriprise Financial Inc. bought a new stake in A-Mark Precious Metals in the fourth quarter valued at about $5,059,000. CWA Asset Management Group LLC grew its stake in shares of A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock valued at $10,094,000 after purchasing an additional 102,524 shares during the period. Invesco Ltd. raised its holdings in shares of A-Mark Precious Metals by 47.2% in the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company's stock worth $6,517,000 after buying an additional 76,301 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of A-Mark Precious Metals by 92.6% during the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock worth $4,303,000 after buying an additional 75,486 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in A-Mark Precious Metals by 43.6% in the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after buying an additional 65,014 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.
A-Mark Precious Metals Company Profile
(
Get Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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